Fiduciary duties
- Created by: Francesca Tittensor
- Created on: 23-04-13 15:04
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- Fiduciary duties
- Trusteeship is an unpaid office
- There are exceptions to this rule
- Statutory provisions s29 trustee act 2000, authority of the court Boardman v Phipps, beneficiarys agree, rule in Craddock v Piper, trust instrument, statutory s29 ta 2000 and if some of the trust assets are in a foreign jurisdiaction- rule in re northcote
- There are exceptions to this rule
- Trustee must not set up in competition with the trust
- Re Thompson
- Trustee must not make profit from trusteeship
- Trusteeship is an unpaid office
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